Charles Schwab Investment Management Inc. Decreases Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Charles Schwab Investment Management Inc. reduced its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 27.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 246,510 shares of the company’s stock after selling 94,698 shares during the period. Charles Schwab Investment Management Inc.’s holdings in A-Mark Precious Metals were worth $6,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of AMRK. Geode Capital Management LLC lifted its stake in shares of A-Mark Precious Metals by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock worth $19,072,000 after purchasing an additional 22,087 shares during the period. Barclays PLC raised its position in A-Mark Precious Metals by 349.0% in the third quarter. Barclays PLC now owns 28,536 shares of the company’s stock worth $1,259,000 after acquiring an additional 22,181 shares during the period. CWA Asset Management Group LLC boosted its stake in shares of A-Mark Precious Metals by 38.6% during the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock worth $10,094,000 after acquiring an additional 102,524 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at $338,000. Finally, FMR LLC increased its stake in shares of A-Mark Precious Metals by 1,714.4% in the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company’s stock worth $53,425,000 after purchasing an additional 1,143,125 shares in the last quarter. Institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Trading Down 0.4 %

Shares of AMRK stock opened at $28.31 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The stock has a fifty day simple moving average of $27.68 and a two-hundred day simple moving average of $32.49. The firm has a market capitalization of $651.67 million, a PE ratio of 13.81 and a beta of 0.07. A-Mark Precious Metals, Inc. has a 52-week low of $25.01 and a 52-week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. On average, analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Tuesday, January 14th. A-Mark Precious Metals’s payout ratio is currently 39.02%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMRK shares. Northland Securities lowered their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. DA Davidson reaffirmed a “buy” rating and set a $35.00 price objective on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Finally, StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.75.

A-Mark Precious Metals Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.